What monetary obligations must be fulfilled before transferring a Beverly Anns Cookie franchise?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
You pay us a transfer fee of: (i) $7,500 if the transferee is an existing Beverly Ann's Cookie Truck franchisee; or (ii) $10,000 if the transferee is not a current Beverly Ann's Cookie Truck franchisee plus $1,000 for each piece of Additional Equipment (if any) that you transfer ("Transfer Fee").
You will pay the Transfer Fee to us as follows: (i) a $1,000 non-refundable deposit at the time of your transfer application request; and (ii) the remaining balance shall be due at or before the time you complete the approved Transfer.
If the transferee is a lead of ours or was referred to you by us, then in addition to the transfer fee, you agree to pay us $15,000.
Pay us all amounts you owe us and our affiliates within 15 days.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to the 2025 FDD, a Beverly Anns Cookie franchisee must meet specific monetary obligations when transferring their franchise. The franchisee is required to pay a transfer fee to Beverly Anns Cookie. The amount of this fee depends on whether the transferee is an existing franchisee or not. If the transferee is a current Beverly Ann's Cookie Truck franchisee, the transfer fee is $7,500. However, if the transferee is not a current franchisee, the fee is $10,000, plus an additional $1,000 for each piece of Additional Equipment being transferred.
The transfer fee is structured with an initial non-refundable deposit. A franchisee must submit a $1,000 non-refundable deposit at the time of submitting the transfer application. The remaining balance of the transfer fee is due at or before the completion of the approved transfer.
In certain situations, additional fees may apply. If the transferee was a lead provided by Beverly Anns Cookie or was referred to the franchisee by Beverly Anns Cookie, the franchisee must pay Beverly Anns Cookie an additional $15,000, on top of the transfer fee. Furthermore, the franchisee must also pay Beverly Anns Cookie all outstanding amounts owed to them and their affiliates within 15 days of the transfer.